London hotel industry set for record year for openings in 2020
London’s hotel industry is set for record year in 2020, with the largest number of openings the city has ever seen in one year.
The capital will see 7,995 hotel rooms across 65 new hotels open next year, adding to 158,956 existing hotel rooms. New hotel room openings have soared from 3,222 in 2010 to 7,995 planned for 2020. This means that in 10 years (2010-2020), London’s overall hotel room capacity has increased by 41 per cent.
Total additions to the London hotel industry across 2019 and 2020 are expected to reach 121 hotels with 14,840 rooms, a record two-year period for increasing supply of hotel rooms. Of the new rooms opening this year and next, 10 per cent are five-star, 31 per cent four-star and 26 per cent are budget hotels.
Tracy Halliwell, director of conventions & major events at London Convention Bureau, said: “London is a top global destination for leisure and business travellers, and we are delighted to see a record number of new hotels and rooms opening in the capital. We’ve seen a range of exciting and cutting-edge hotels open recently like The Hoxton Southwark, The Stratford and Bankside Hotel, and we look forward to the upcoming openings.”
“London is a truly dynamic city with a range of new venues, hotels and experiences, offering event planners the opportunity to be innovative. We continue to see strong interest from the North American MICE market, with major corporates, associations and conference organisers committing to a whole range of events. London remains an open, diverse city and at IMEX America we look forward to speaking with event planners from all over the world to tell them about all the opportunities in our great city.”
A number of North American hotel brands have recently opened up or announced plans for new properties in London, including The Standard which opened its first European hotel in the UK capital in July, joining the recently opened Hard Rock Hotel. The W London Leicester Square, by Marriot, has also undergone a major refurbishment with new in-room technology giving guests an immersive experience.
Later this year, the newly renovated Biltmore Hotel will reopen as the first hotel to join Hilton’s New Luxury Collection – LXR Hotels & Resorts. Japan’s Prince Hotels will also debut The Prince Akotoki later this month, its first European hotel based in London’s Marylebone and showcasing Japanese minimalism.
Looking ahead, Edwardian will open the much anticipated The Londoner, the world’s first super boutique hotel in London’s West End in 2020. The five-star hotel will have 350 rooms, two luxury cinemas and a ballroom accommodating up to 864 guests. Pan Pacific Hotels Group’s first London footprint, Pan Pacific London, is set to open next year, featuring a 370-capacity ball room at One Bishopgate Plaza. Rosewood will also open a new luxury hotel on the site of the former US Embassy in Grosvenor Square by 2023.
Published Date: 10/09/2019